There also appears to be one on the 60 min as well as highlighted on the bear and bull count. Something else to think about, the market has challenged and so far recaptured the broken neckline of the bearish head and shoulders pattern. If we close above that, coupled with the positive divergence and the alternate bull count, the bears may want to take a moment to regroup. Just some food for thought.
It is still certainly possible that wave iv is working out some type of corrective zigzag. Technically, it can correct all the way back up to where I have red i labeled.